Vegetable oils

05/04/2016 12:00 - 355 total view

This is a safeguard investigation initiated by the Ministry of Industry and Trade of Vietnam on December 26th 2012 based on the petition filed by Vietnam Vegetable Oils Industry Corporation (Vocarimex) on November 30th 2012.

Scope of investigation: Refined soya-bean oils, refined stearin oils, refined olein oils under the HS Code: 1507.90.90; 1511.90.91; 1511.90.92; 1511.90.99. 

Provisional Safeguard Measures: On April 22nd 2013, the Ministry of Industry and Trade of Vietnam issued a decision to impose provisional safeguard measures to the imports of vegetable oils. Accordingly, an additional five percent import tariff would be imposed to the investigated goods in a time period of 200 days.

On June 25th 2015, the Vietnam Competition Authority of the Ministry of Industry and Trade of Vietnam announced to extend the investigation time to two months before reaching the final decision.

Final Safeguard Measures: On August 23rd 2013, the Minister of Industry and Trade issued the Decision No. 5987/QD-BCT imposing the final safeguard measures on vegetable oils imported from different countries/ territories, which in particular includes the refined soya-bean oils, refined stearin oils, refined olein oils under the HS Code: 1507.90.90; 1511.90.91; 1511.90.92; 1511.90.99.

Such Decision comes into force on September 7th 2013 and replaces the Decision No. 2564/QD-BCT dated April 22nd 2013 on imposing the provisional safeguard measures.

Final safeguard tariffs are applied according to the schedule in the below table:
 
Effective date Tariff rate
07/05/2013 - 06/05/2014 5%
07/05/2014 - 06/05/2015  4%
07/05/2015 - 06/05/2016 3%
07/05/2016 - 06/05/2017 2%